Kochi, 23 March, 2023 (GNI): Geojit Financial Services, a leading investment services company, has entered into an agreement with ESAF Small Finance Bank (ESAF SFB) to offer a special 3-in-1 bundled account to the ESAF SFB customers. Under this one of its kind 3-in-1 bundled account service, ESAF SFB savings account holders can open Geojit demat account and trading account for free.
The trading account, which can be opened online in 15 minutes, offers a seamless interface to invest online in a number of investment options offered by Geojit. The 3-in-1 bundled account comes with a range of benefits such as zero demat account opening charges, flexible brokerage plans, AMC waiver till March 2024, no subscription charges on the trading account and an end-to-end digital account opening facility.
George K. John, Executive Vice President, ESAF Small Finance Bank said, “The association with Geojit Financial Services is in line with our mission to expand our service portfolio to empower our retail customers with wealth management products. We are delighted to tie up with Geojit Financial Services to roll out the 3-in-1 bundled account because of the commonality and synergy we share with the company. The launch of the service is a part of our anniversary celebration. I am confident that this collaboration will become mutually beneficial especially when it comes to building customer wealth and loyalty.”
Commenting on the association, Satish Menon, Executive Director, Geojit Financial Services said, “Our specially designed 3-in-1 bundled account will enhance convenience of trading in equity and commodity. A whole new world of investment instruments and wealth creation options will open up for the ESAF SFB customers. Thanks to an end-to-end digital account opening facility, they can begin their investment journey within a few minutes and diversify their investments and manage those with one account,” stated in a press release.
About ESAF Small Finance Bank, the new-age social bank continues to redefine the banking experience for all stakeholders. We primarily focus on expanding the banking horizon to new unbanked/underbanked areas, yet we stand as a bank for all with a presence in urban, semi-urban, and rural unbanked areas. We operate in 21 States and 2 UTs across India, reaching out to more than 65 lakh households through more than 600 branches.
ABOUT GEOJIT Financial Services (www.geojit.com) is one of the leading investment services companies in India, with a strong presence in the Gulf Cooperation Council (GCC) countries. As on 31 December 2022, the company has 12,70,000 clients, a network of 497 offices and has Assets Under Custody and Management worth around Rs. 71,600 crore. BNP Paribas, C J George – Founder and Managing Director of Geojit, Kerala State Industrial Development Corporation (KSIDC) and Rekha Rakesh Jhunjhunwala are the prominent shareholders of the company.
Geojit Financial Services has an extensive presence in the GCC region via joint ventures and partnerships: Barjeel Geojit Financial Services LLC in UAE, BBK Geojit Securities KSC, in Kuwait and QBG Geojit Securities LLC in Oman. The company also has presence in Bahrain through a business partnership with Bank of Bahrain and Kuwait.ends GNI SG
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